mananainvesting

@dealraker Could you please explain what the hub insurance brokerage is and how would one invest in it? is it publicly traded?

I would just go with 4-5 years, if it is closer to 4. if it is closer to 3, go with 1-3. cheers

The comments states Francis decided to part ways due to conflict of interest, not that Fairfax did. I guess Ben is cool with it. As long as the fund is performing well, >10% returns, I personally don’t care.

I moved to US, and emailed Investor Relations who sent me a copy. I am sure they will send you too. Can you email me, I will share the IR’s email to you directly, It is a person’s email so don’t want to share publicly. My email: [email protected].

How Long Have you been a Continuous Shareholder of Fairfax Financial?

Fairfax India thesis at MOI global by Jeffrey Stacey. Anyone has access to MOI, could you please share the Youtube link with me ?([email protected]) https://moiglobal.com/jeffrey-stacey-fairfax-india-202501/

Thanks @TorontoChaosTheatre @Parsad: Thanks, I think Francis would be fantastic for Fairfax, do you know why he isn’t on the Board? Is it cause he also runs a fund/insurance and could have conflict of interest?

Thank you

Does he write letters? I have seen his Ivey video, wondering if anyone is willing to share his quarterly/annual letters? Looking to learn and get some investment ideas. I met him once the day before Fairfax Annual meeting, he seemed like a wonderful person. Glad the Fairfax family has good/honest/humble people who they call friends.

Added to $T, Added to $FRFHF

JP Morgan estimated $10B in Insured Losses due to California Wild Fires. https://www.investors.com/news/top-california-property-insurer-earns-double-upgrade-from-goldman/

Added to $MFC

A subsidiary of Odyssey Group expanding to Hong Kong https://www.insurancebusinessmag.com/asia/news/breaking-news/ukheadquartered-newline-group-establishes-base-in-hong-kong-518739.aspx

I added to $T today. Not sure why it is falling today, infact MS upgraded the price target to $28 from $19.

Fairfax buys back 14% of Brit from Omers, increasing ownership to 100%. https://www.fairfax.ca/press-releases/fairfax-announces-acquisition-of-omers-investment-in-brit-2024-12-13/

Thanks for sharing Viking. At what valuation/multiple would you say price would account for management?

Added to $T (AT&T).

I really don’t know if it is under valued coz I haven’t done the work yet. Found this article on TD interesting, looks like they are a long way from earning their full potential https://www.theglobeandmail.com/business/commentary/article-can-td-bank-ever-recover-from-its-us-money-laundering-saga/

Added to $T (AT&T). Bought 1 share of $TD, hoping it goes down further since I started a position now

Added to $T yesterday. The company announced today $40B+ of shareholder returns over the next 3 years. I am long, not advise. Wrote a small thread about the company on X. Any fellow shareholders here? Link:

Should help improve ROE (lower equity base), and more to the bottom line as others have mentioned. Should help with valuations in the longer run too imo.

Fairfax investing in Orla Notes: https://www.marketscreener.com/quote/stock/ORLA-MINING-LTD-19500426/news/Orla-Mining-Ltd-announced-that-it-expects-to-receive-CAD-200-million-in-funding-from-Fairfax-Financ-48397640/

Prem on Investing in India. https://www.cnbctv18.com/business/companies/prem-watsa-on-fairfax-financials-7-billion-dollar-investment-in-india-india-canada-relations-19510220.htm

I do not plan to sell the stock anytime soon, roughly I think fair value of the stock is ~$3000 USD, valuing it on the basis of how Gayner shows to value Markel (Investments- debt +value of Insurance biz + value of associates/ventures). I also agree that I might take a harder look if I think Forward ROE is going to be below 10. I also wouldn’t mind paying a premium(not costco like premium :D) to a company with a good culture where the terminal risk is low and getting lower with additions to associates. Nothing is for sure and I might do a U-turn later if circumstances change or if I think I was wrong. However, as now I plan to hold for a long time. Cheers and I appreciate the discussion.

Thank you, I appreciate it.